NCC Ltd (NCC)

NCC Ltd Poised for Growth After Infra Capex Hike - 24 Jul, 2024

NCC Ltd's stock price rallied by 6% following the Indian government's announcement of increased infrastructure spending. Anand Rathi Shares and Stock Brokers have identified NCC as a key pick that will benefit from these strategic measures.

NCC Ltd Gains from Infrastructure Allocations and Dividend Announcement - 23 Jul, 2024

NCC Ltd's stock rose significantly due to enhanced infrastructure allocations for eastern region development and expansion of PMAY scheme. The company also announced a dividend of ₹2.20 per share with a sustainable payout ratio. Analysts predict that NCC will be a big gainer of these developments.

NCC Among Top Picks in Infra Sector - 22 Jul, 2024

Brokerages Anand Rathi and JM Financial expect the government to continue spending on roads and railways, with specific focus on renewable energy, CGD, and water infrastructure. NCC is among their top picks in the infra sector.

NCC Ltd Expected to Show Double-Digit Growth in Q1 2024 - 10 Jul, 2024

Construction companies NCC, J Kumar Infraprojects, and H G Infra Engineering are expected to show double-digit growth of 11-15% YoY in revenues for the June 2024 quarter. This is due to new order wins during the quarter and a higher portion of their existing order book being executed compared to peers.

ICICI Direct Research Recommends Buying NCC Shares - 05 Jul, 2024

ICICI Direct Research has recommended buying NCC shares in the range of Rs 336-342 with a target price of Rs 364 and maintaining a stop loss at Rs 329. The stock is expected to rise in the coming days.

NCC Ltd Earns ROCE of 22% - 03 Jul, 2024

NCC Ltd has an impressive ROCE of 22%, outpacing the industry average of 15%. The company has maintained this level over the past five years and reinvested capital at appealing rates. Shareholders have seen a remarkable 287% return in the last five years.

ICICI Direct Gives Buy Call on NCC Ltd with 23% Upside Potential - 02 Jul, 2024

Brokerage firm ICICI Direct has given a buy call on NCC Ltd with a target price of Rs 395, indicating a potential upside of 23%. The company's strong order book and revenue growth projections support the positive outlook. NCC anticipates booking ₹20,000 – 22,000 crore in new orders, aiming for 15% revenue growth in FY25. The formation of a new government in Andhra Pradesh may revive the Amravati Capital City project, potentially presenting NCC with a new order opportunity.

NCC Receives Orders Worth Rs 335 Crore; Stock Rises - 01 Jul, 2024

NCC Ltd has received orders worth Rs 335 crore for construction work from a private limited company. The company's stock rose by 1.37% and is trading at Rs 320.75 per share. Analysts predict a potential downside of 10%. NCC's consolidated net profit jumped 25.30% in Q4 FY24 over Q4 FY23.